Report
Elevated Oil Refining Margins Coincide With Germany's Reported Gas Storage Shortfall
Exxon and Chevron beat forecasts, boosted by elevated refining margins; German gas storage was reportedly 61.35% against an 80% target.
TLDR
The German government said it did not expect supply bottlenecks, while industry association INES called for stronger storage requirements. Germany's gas storage was reportedly 61.35% against an 80% November 1 target. Exxon and Chevron beat forecasts amid elevated refining margins and disruptions in the Middle East and Ukraine. Brent crude futures ended the week at $113.40 a barrel, down 2.8% and snapping a four-week rally.
Combined views
685
3 Sources, first seen ago
